Impact Development Fund
Impact Development Fund reported $46.5 million in revenue and $15.0 million in expenses for calendar year 2025. Of every $100 it spent, $90.99 went to program services, $7.46 to management and general costs and $1.55 to fundraising. Its largest source of revenue was contributions and grants: 71.4% of the total. Government grants made up 69.2%. The highest compensation it reported for one person was $321,814 (CEO). 16 people received more than $100,000 in reportable compensation. Revenue rose 1009% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $15MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $46MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.0% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.5% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.6% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 71.4% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 69.2% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 23.4% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $321,814 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.15% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 16 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 63.3 | 10.0 |
| Independent voting board members Part VI 1a–1b | 12 of 12 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseImpact Development Fund provides early stage, short-term loans to affordable housing, non-profit community facilities, and neighborhood revitalization project developers throughout an expanding region
Impact Development Fund provides technical assistance to non-profit affordable housing and community service organizations planning to renovate, acquire, build and/or expand real estate. The technical assistance is provided through workshops and one-on-one consultation
In may 2021, the fund established Impact Development builders, llc ("idb") as a colorado limited liability company. The purpose of idb is to provide, on a fee or other basis, construction, repair, maintenance, and similar construction services to clients and non-profit partners in the affordable housing community, including aquiring and rehabilitation of distressed housing units and construction of new development for sale to low and moderate income residents
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 40.00 hrs/week | $294,987 | $0 | $26,827 | $321,814 |
| CHIEF LENDING OFFICER (THRU 11/21/25) Key employee, 40.00 hrs/week | $200,297 | $0 | $22,794 | $223,091 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $189,458 | $0 | $8,653 | $198,111 |
| CHIEF ADMINISTRATIVE OFFICER Highest compensated employee, 40.00 hrs/week | $180,355 | $0 | $7,859 | $188,214 |
| DIRECTOR OF CLEAN ENERGY LENDING Highest compensated employee, 40.00 hrs/week | $172,687 | $0 | $5,302 | $177,989 |
| CHIEF CONSTRUCTION OFFICER Highest compensated employee, 40.00 hrs/week | $163,843 | $0 | $13,977 | $177,820 |
| CHIEF OPERATING OFFICER Key employee, 40.00 hrs/week | $155,674 | $0 | $10,704 | $166,378 |
| CHIEF POLICY & PERFORMANCE OFFICER Highest compensated employee, 40.00 hrs/week | $144,789 | $0 | $15,578 | $160,367 |
16 people received more than $100,000 in reportable compensation from Impact Development Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $903K (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 556
- Volunteers Part I, line 615
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| MGI MECHANICAL Hvac | $234,373 |
| BULLZEYE BUILDERSM INC Mechancial & sheet metal work | $187,073 |
| FOSSIL CREEK DRYWALL INC Drywall instulation | $181,591 |
| FIREFLY ELECTRIC Electrical instulation | $115,590 |
| B&B LANDSCAPING Landscaping | $104,737 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Impact Development Fund totaling $5,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Impact Development Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Impact Development Fund, you can publish a response that is linked from this page.
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Of every $100 Impact Development Fund spent in 2025, $90.99 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Mercy HousingDenver, CO · revenue $46M · programs 68.5% · 2024
- Austin Affordable Housing CorporationAustin, TX · revenue $47M · programs 68.1% · FY2025
- St Matthews HouseNaples, FL · revenue $46M · programs 83.8% · FY2025
- Century Housing CorporationCulver City, CA · revenue $47M · programs 94.2% · 2024
- Commission on Economic Opportunity of Luzerne CountyWilkesbarre, PA · revenue $46M · programs 97.0% · FY2025
All housing & shelter charities · Largest charities in Colorado
Questions people ask
How much of Impact Development Fund's spending goes to programs?
In calendar year 2025, Impact Development Fund reported that 91.0% of its $15.0 million in expenses went to program services, 7.5% to management and general and 1.6% to fundraising (Form 990, Part IX).
How much does Impact Development Fund pay its top executive?
The largest total compensation Impact Development Fund reported for one person in calendar year 2025 was $321,814, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Impact Development Fund get its money?
Of $46.5 million in revenue in calendar year 2025, 71.4% came from contributions and grants (including 69.2% from government grants) and 23.4% from program service revenue (Form 990, Part VIII).
Is Impact Development Fund a registered charity?
The IRS lists EIN 84-1505466 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202622479349300512 · read the filing
- 2024: Form 990 for calendar year 2024, object 202503189349308435 · read the filing
- 2023: Form 990 for calendar year 2023, object 202422709349300642 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343079349302644 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233119349302848 · read the filing
- 2020: Form 990 for calendar year 2020, object 202122999349301937 · read the filing
- 2019: Form 990 for calendar year 2019, object 202012379349301216 · read the filing
All filings for EIN 84-1505466: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.